South African engineering business KDI Group has signed a strategic partnership deal with global industrial equipment manufacturer Bonfiglioli, which has been operating in South Africa for over 31 years, servicing key industries in mining, construction and energy sectors, and KDI owns 25% shares of Bonfiglioli South Africa.
“This transaction and partnership allows KDI an opportunity to contribute to providing products that our country needs to keep the economy in motion. These innovative specialised products enable South African companies to compete globally, being equipped with state-of-the-art gearmotors and drive systems. Through this partnership, we want to be a catalyst for modernisation and economic growth not only in South Africa but also across the rest of the continent,” says KDI Group chairperson Kuseni Dlamini.
“We are a global business, but embedded in communities, we believe in “local for local”. The strategic partnership with Kuseni Dlamini and KDI is an important milestone in our business. There are strong synergies between KDI Group and Bonfiglioli and we believe that the values and vision we both share will take this partnership to new heights and add value, not only for the business but for our people, our customers and communities,” says Bonfiglioli Group CEO Fausto Carboni.
“It has been a worthwhile journey and as KDI we are pleased to be a strategic partner to Bonfiglioli. Though a global company, we share the common vision, values and mission and we are particularly proud of its commitment to its people, customers and community. We see opportunities to further entrench the Bonfiglioli brand among our many customers and stakeholders in order to expand and grow the business into Africa,” Dlamini adds.